Large-portfolio landlords most likely to raise rents

Landlords with larger portfolios are more likely to increase rent than small-scale landlords.A poll by The Landlord Works shows that 75 per cent of those who own more than 10 properties aim to increase their rents over the next 12 months.

This compares to just 44 per cent of landlords owning between one and three properties.

Some 46 per cent of those landlords with a small portfolio plan to keep rents the same.Across the regions, landlords in Yorkshire & The Humber (68 per cent), outer London (65 per cent), the North West and Wales (both 63 per cent) are most likely to increase rents on some or all of their properties over the next 12 months.

Those landlords using their rental properties to offset their mortgages are also more likely to raise rents, with nearly two thirds planning an increase compared to just 44 per cent of unleveraged landlords.

Despite the plan to increase rents, well over half of landlords questioned by The Landlord Works are concerned about whether their tenants can maintain their rental payments.

More than one in eight admit they are very concerned.

This increases to nearly three quarters of landlords who let to claimants of Local Housing Allowance and 71 per cent of landlords who let to retired people.

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